Farms.com Home   News

PEI POTATO GROWERS DOUSED BY HURRICANE IDA

Hurricane Ida has left her autograph on Prince Edward Island.

Jay Scotland, CBC meteorologist for PEI, says that rainfall totals have exceeded modelling expectations, ranging from 40 to more than 128 millimetres for Charlottetown. Preliminary measurements from Environment Canada suggest that the September 2 rain storm was one of the rainiest days the island has ever seen.

Potato fields received anywhere from 95mm to 150mm during a 24-hour period, says Kevin MacIsaac, general manager, United Potato Growers of Canada.

“Just one day previous, the crop was beginning to look dry in some areas that had not received significant amounts of rainfall during the month of August,” says MacIsaac. “This rainfall event has greatly improved the outlook for long-season varieties such as Russet Burbanks.”

Growers will likely need to monitor any unwanted side effects of this rainfall dump, but to date quality has looked excellent with no off-types or defects. Early harvest has been very promising with some fields 50 to100 cwt. above last year’s poor yields during the main harvest. Old crop for table markets is winding down while maintaining good pricing. Old crop for processing, should finish by September 7-15, allowing factories to move into new spuds.

Click here to see more...

Trending Video

U.S.-China Trade “Truce” + U.S. Fed Cuts Rates Again

Video: U.S.-China Trade “Truce” + U.S. Fed Cuts Rates Again


The market was hoping for a US-China trade deal, but we got a trade “truce” for now from the keenly awaited Trump-Xi meeting at the APEC Summit.
China commits to minimum purchase commitments of 12 MMT of U.S. soybeans during the “current season” and a minimum of 25 MMT annually through 2028.
U.S. Treasury Sec Bessent said other Asian countries have agreed to buy additional 19 MMT of US soybean.
Soybean futures trading above $11 now- they normally tend to rally to $12.
As expected, US Fed cuts interest rates by -0.25% again in October to 3.75%–4.00%. No further cuts promised for this year but trade looking out to the Dec FOMC.
The Bank of Canada cut interest rates to 2.25% but raised concern over trade war damage.
Soy meal futures, remarkably, have had 14 consecutive higher close sessions. A bull market in soybeans is a bull market in soy meal!
Cattle futures lower as funds unwind out of cattle for now due to Trump headlines and objective to lower beef prices.
All major stock indices climb to new record highs. It was Mag 7 reporting week, which had mixed results. But we now have the first $5 trillion company in Nvidia!